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  • Govt infuses Rs 2159 crore in United Bank of India

    28 December, 2018 6:23 AM 78

    New Delhi: State-owned United Bank of India Thursday said the government has decided to infuse Rs 2,159 crore in the bank as part of Rs 28,615 crore capital infusion to be done in about half a dozen banks. The Finance Ministry had informed the bank about the capital infusion on Wednesday (December 26), United Bank of India said in a regulatory filing

  • HCC raises over Rs 497 crore from rights issue

    28 December, 2018 6:23 AM 58

    ICICI Securities was the lead-manager to the issue. Mumbai: Infrastructure developer Hindustan Construction Company (HCC) Thursday raised Rs 497.6 crore through a rights issue. The issue was oversubscribed with HCC getting applications worth Rs 551.38 crore for sale through which it would issue up to 49.75 crore equity shares, the company said in a statement

  • 7th Pay Commission: Maharashtra government to hike salary of nearly 20 lakh employees

    27 December, 2018 12:21 PM 73

    The state treasury will have to bear an additional burden of Rs 20,000 crore. New Delhi: In what could bring cheers to lakhs of state government employees, the Maharashtra government has decided to implement the recommendation of the 7th Pay Commission. The decision will benefit close to 20 lakh government employees in the state. The State cabinet has given

  • Amazon announces record sales for holiday season in 2018

    27 December, 2018 11:04 AM 80

    San Francisco: US-based online retail giant Amazon on Wednesday announced a record-breaking holiday season as tens of millions of people have signed up for its Prime membership either by making paid service or on a trial basis. "Prime membership continued to grow this holiday season... to benefit from FREE Same-Day, One-Day or Two-Day shipping, in addition

  • Suzuki Hayabusa 2019 edition launched in India

    27 December, 2018 7:19 AM 80

    The Suzuki Hayabusa will be available across all dealerships for at Rs 13.74 lakh. New Delhi: Suzuki Motorcycle India Private Limited (SMIPL), a subsidiary of two-wheeler manufacturer, Suzuki Motor Corporation, Japan, on Thursday launched the 2019 edition of the Hayabusa sportsbike. The Suzuki Hayabusa will be available across all dealerships for at Rs 13.74 lakh (ex-showroom

  • Indian-American Rajesh Subramaniam named FedEx president

    27 December, 2018 1:44 AM 90

    Subramaniam, an IIT-Bombay graduate from Thiruvananthapuram, has been with FedEx for more than 27 years.  Houston: Indian-American Rajesh Subramaniam has been named as the president and chief executive officer of US multinational courier delivery giant FedEx Express. Subramaniam, currently the executive vice president, chief marketing and communications

  • Government to enhance bank recapitalisation outlay to Rs 1.06 lakh crore in current fiscal

    21 December, 2018 1:14 PM 111

    New Delhi: Government has moved proposal in Parliament for enhanced bank recapitalisation outlay from Rs 65,000 crore to Rs 1,06,000 crore in the current financial year to propel economic growth. This would enable infusion of over Rs 83,000 crore in the coming few months in Public Sector Banks (PSBs). Government said that the enhanced provision is aimed

  • Banking, ATM services hit as officers go on nationwide strike

    21 December, 2018 10:47 AM 66

    New Delhi: Banking services across the country as officers of state-owned banks called a nationwide strike over wage revision. Private sector banks were not participating in the strike, hence their services were not affected. The strike, by the All India Bank Officers` Confederation (AIBOC), demanded full and unconditional mandate for the 11th bi-partite

  • Infosys appoints Nilanjan Roy as CFO

    21 December, 2018 8:08 AM 74

    He holds a Bachelor degree in Commerce  from the University of Delhi and is a Chartered Accountant. Bengaluru: Infosys has announced that its has appointed Nilanjan Roy as Chief Financial Officer (CFO) of the Company, effective March 1, 2019 while Jayesh Sanghrajka will resume his responsibilities as Deputy CFO, effective March 1. "We are delighted to announce

  • Tata Motors ties up with Zoomcar to deploy Tigor EVs in Pune

    21 December, 2018 5:44 AM 73

    The first batch of Tigor EVs were flagged-off from Concorde Motors in Baner. Pune: Tata Motors on Thursday announced tie-up with self-drive rental platform Zoomcar to offer Tata Tigor EVs in Pune. “Tata Motors is committed to the Government’s vision of driving electric mobility in the country and is working in a collaborative manner with various ecosystem